Which of the following is not one of the revenue recognition methods used in the situation where a company makes a single sale, and has agreed to receive payments in installments over time?
A) Percentage of completion
B) Cost recovery
C) Installment
D) Immediate recognition

Question

Quizplus · Accepted Answer

Percentage of completion is a revenue recognition method primarily used for long-term contracts, such as construction projects, rather than for sales that are paid in installments over time.

Which of the Following Is Not One of the Revenue